Friday, May 25, 2012

Tech Firm Changing the Way the World Uses Keyboards, $3.8 Million in Q1 Net Profit

Northern, WI 5/25/12 (StreetBeat) -- Nearly everyone has been typing into a Google search and seen the gray boxes that are filling in the potential word (“offering suggestion”) that you are looking for or knows what “auto fill” is when typing words. Those features are driven by now commonly-used algorithms that are second nature in our digital world. Basically, their function is to simplify usage. Well, get ready for the next wave of that technology. It’s already out there and gaining traction; most just haven’t seen it yet unless they are the real techie-type.

Vancouver, British Columbia may be known as a mining community to many, but it’s also the home of WordLogic Corporation (OTCBB:WLGC), a cutting-edge developer of predictive platform software designed to accelerate information discovery and text input. The WordLogic patented technology reduces text movements by more than 50 percent while offering a “web” of additional other functions to keep a myriad of information at the users fingertips without leaving the application that is in use. Data can be added to the user’s dictionary as well as commonly used words and phrases being predicted based upon frequency of usage. Honestly, it’s amazing stuff. A brief video showcasing just a sampling of what WordLogic has to offer can be viewed at:

Their Intellectual Property is secure as WordLogic holds 4 issued U.S. patents and 2 European patents and 3 pending patent applications that cover hundreds of claims. The technology covers much more than just texting. The innovations can be incorporated into smartphones, personal computers, cell phones, Smart TV’s, media players, GPS systems, game consoles and much more.

Let’s face it; the keyboard is the root of information. Voice recognition technology is fantastic in theory, but it has struggled for years to grab any sizeable market share and has been relegated to basic commands as it has failed to overcome major complications of truly recognizing each word that a person is saying. WordLogic is re-inventing the functionality of a keyboard as not just a point of data entry, but as an information management tool. With their technology, keyboards can be customized to a user’s individual needs and be knowledgeable about the user’s information and connections.

Moreover, the WordLogic platform allows third-party developers to add new information sources, utilities and connections to the existing WordLogic knowledge-base; making it infinitely expandable.

With a bit of due diligence on the industry and technology, the potential of WordLogic can be extrapolated with regards to licensing and sales. To that end, the company posted numbers on Monday, May 21, 2012 disclosing their financial results from the fiscal 2012 first quarter ended March 31, 2012. Quarterly revenues tallied $5 million for the quarter as compared to $10 million in the 2011 quarter, but profits soared to $3.8 million, or $0.05 per share, in the 2012 quarter as compared to a net loss of ($670,000), or $0.04 per share in the year ago quarter.

"For the first time in the history of WordLogic, we achieved a significant licensing deal which leveraged our substantial intellectual property portfolio," said CEO Frank Evanshen, "and to generate a $.05 per share earnings for this first quarter is tremendous and only the beginning of our expected success this coming year."

The company is well-aligned and poised for the global launch of its WordLogic predictive products for the mobile and tablet markets throughout the remainder of the year. With a market cap of only $9.4 million, this fully-reporting company is worthy of a much closer look as it begins to hit its stride as a force in the industry. The fact is that, in the not too distant future, we all could be looking at our keyboards in a completely different way. Proper due diligence is, as always, encouraged.

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